Index Ventures, Wiz's largest outside shareholder with a 13% stake, is set to turn its $245M investment into $4.3B from Wiz's pending sale to Alphabet for $32B
Index Ventures is set to earn a 250-fold return on its seed money in a startup Google has agreed to buy
Source: Insight Partners is set to reap ~$2.7B from the pending sale of Wiz to Alphabet, a 15.5x return on its invested capital, based on its ~8% stake in Wiz
Gillian Tan / Bloomberg :
Google says Wiz will join Google Cloud and that Wiz's products will continue to work “across all major clouds”, including AWS, Microsoft Azure, and Oracle Cloud
Andrew Martin / Bloomberg :
Israeli cybersecurity startup Wiz names veteran exec Fazal Merchant as president and CFO to prepare for a US IPO; sources: Wiz has annual revenues of ~$500M
Israeli startup Wiz said on Thursday it had named veteran executive Fazal Merchant as president and chief financial officer …
How the Israeli army's Unit 8200 became an incubator for cybersecurity startups, with its alumni starting Wiz, Palo Alto Networks, and other companies
Wall Street Journal : LinkedIn: Yotam Segev LinkedIn: Yotam Segev : What a way to start Labor Day weekend!!! Thank you to the The Wall Street Journal for sharing our story. …
How the Israeli army's Unit 8200 became an incubator for cybersecurity startups, with its alumni starting Wiz, Palo Alto Networks, and other companies
Wall Street Journal :
Google's failed deal with Wiz, and with HubSpot before that, puts Google in an awkward spot to grow Cloud; Wiz staff are likely upset at missing a big payday
It's the second time in as many months that the tech giant has lost a deal to boost its lagging cloud business.
Israeli cybersecurity startup Wiz walks away from Google's $23B acquisition offer; Wiz CEO Assaf Rappaport tells staff that Wiz will pursue an IPO as planned
Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant's largest ever deal …
A profile of Israeli cybersecurity startup Wiz, founded in 2020, and its four co-founders, as Alphabet prepares a $23B deal; a source says each owns ~9% of Wiz
Cloud cybersecurity company founded by a group of ex-Israeli military officers is close to landing the tech industry's biggest exit in years
Sources: Alphabet is in advanced talks to acquire cybersecurity startup Wiz for roughly $23B; Wiz raised $1B at a $12B valuation in May 2024
Deal would be tech giant's largest acquisition ever.